Policy: Economy

Detroit auctioning homes online in blight fight

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Photo - This May 5, 2014 photo shows a city-owned home to be offered  in a new one-day auction in Detroit.  Detroit's effort to auction off vacant, city-owned houses to people willing to quickly fix them up is getting attention from potential buyers. One home is being auctioned each weekday. The auctions are part of the city's effort to eradicate blight while stabilizing neighborhoods. (AP Photo/Detroit News, David Coates)  DETROIT FREE PRESS OUT; HUFFINGTON POST OUT
This May 5, 2014 photo shows a city-owned home to be offered in a new one-day auction in Detroit. Detroit's effort to auction off vacant, city-owned houses to people willing to quickly fix them up is getting attention from potential buyers. One home is being auctioned each weekday. The auctions are part of the city's effort to eradicate blight while stabilizing neighborhoods. (AP Photo/Detroit News, David Coates) DETROIT FREE PRESS OUT; HUFFINGTON POST OUT
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DETROIT (AP) — Detroit's effort to auction off vacant, city-owned houses to people willing to quickly fix them up is getting attention from potential buyers.

The auctions began Monday, with The Detroit News and MLive.com reporting the first home being offered as part of the effort getting a top bid of $34,100. Bidding began at $1,000 for the 1,400-square-foot, 3-bedroom colonial-style home in Detroit's East English Village.

One home is being auctioned each weekday. The auctions are part of the city's effort to eradicate blight while stabilizing neighborhoods.

Detroit has struggled for years with vacant homes and buildings, and thousands of them have been razed. Vacant houses and buildings often are vandalized by metal and wire thieves. The damage they do make the structures nearly impossible to sell.

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Online:

http://www.buildingdetroit.org

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